3 ms·
I have to say, I don't get the recent attribution of some sort of ethics into capitalism. Capitalism as a system provides methods to optimize whatever you want
by gameman144 4y ago
I have to say, I don't get the recent attribution of some sort of ethics into capitalism. Capitalism as a system provides methods to optimize whatever you want -- it just defines mechanisms of self-interested parties participating in markets.
It is absolutely fair to say that the things the US is optimizing for are not what one might like, but the issue is with the objective function, not the algorithm.
European social democracies are still absolutely capitalist, they just provide guardrails and regulations to focus markets more toward producing social output. See the recent US push to green energy -- the government points the optimization machine at a target, and the markets react.
We can and should complain when our government isn't steering investment to the areas we want. When that happens, though, capitalism as a system isn't the problem (and would be just as functional if you incentivized the things you liked instead.)
When I want to go to Canada but my driver takes me to Mexico, I don't blame the car.